The post SUI – Here’s why traders believe a $7 breakout is near appeared on BitcoinEthereumNews.com.

Key Takeaways Why are traders anticipating a breakout? SUI’s DEX Volume surged to $1.4 billion and TVL crossed $4.3 billion — both signal renewed network activity. What price levels matter most now? Clearing $4.10–$5.30 could confirm a breakout, with a measured target near $7 based on Fibonacci projections. Sui Network [SUI] slipped 1% and was trading near $3.59 at press time, but traders didn’t seem bothered. On-chain activity and trading volumes hinted that this might be more than a routine dip — it could be the calm before a breakout. AMBCrypto examined further to assess whether SUI’s next big move could validate bullish calls pointing toward the $7 zone. SUI eyes a new peak  On the daily charts, SUI appeared to be on the verge of a breakout from a massive accumulation pattern that has been in place since February. This came after hitting its peak of $5.30 early in the year. According to Ali Martinez’s analysis on X (formerly Twitter), the breakout could take the altcoin to the $7 target. The analyst noted that the ascending trendline support was a great zone to accumulate. This was potentially due to its alignment with the 0.68 Fibonacci Retracement level, a classical reversal zone during healthy trends. Source: Ali Charts/X However, the $4.10 resistance had been holding back this potential surge. The level rejected price appreciation on three instances, indicating bear defense. The previous peak was also another stumbling block for SUI to hit $7. From the prediction charts, the target could be hit in the year 2026. Worth noting was the looming breakout as compression became more evident with price nearing the apex of the triangle. Failure to breach the $4.10 and $5.30 levels, SUI could continue consolidating in the marked-up range. Volume and on-chain strength align With that in mind,…

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Filed under: News - @ October 8, 2025 5:28 am